Assessment task

Write a java application that calculates and displays the property tax for N property owners. N should be declared as a constant and it should be equal to the largest digit of your student ID number (e.g. if your ID number is S223483 then N should be equal to 8 and you can declare it as final int N=8). The property tax is based on the assessed value of the property as shown below in Table 1.

The application should ask the user to enter the name of the property owner and the assessed value of the property for each owner (total N owners) and calculate the property tax. The application should display the message with tax and the value of the property after tax as shown in the example below. At the end of the Nth owner, a receipt with total tax, largest tax and average tax should be displayed. The total tax is calculated by adding the tax amount for all owners. The largest tax is calculated by finding the largest amount from tax paid by N owners. The average tax is calculated by dividing the total tax with the number of owners. The format for your input and output must be same as given in example below.

Example for N=3 (Note that a loop should be used for reading the input and displaying the output)

Enter the name for Owner 1: Tim Pointing
Enter the value of the property for Owner 1: 9500
Hello Tim, your tax is $0 and the value of the property after tax is $9500.

Enter the name for Owner 2: Amy McDonald
Enter the value of the property for Owner 2: 200000
Hello Amy, your tax is $6000 and the value of the property after tax is $194000.

Enter the name for Owner 3: Rick Hilton
Enter the value of the property for Owner 3: 600000
Hello Rick, your tax is $30000 and the value of the property after tax is $570000.